Home Depot Stock May Be Up 900% in the Past Decade, but Don't Expect a Repeat Performance
Home improvement retailer Home Depot (NYSE: HD) has given investors stellar returns over the past decade -- it's up by 865% in that period, more than tripling the return of the broad market. The business is doing better than ever on the back of a scorching hot housing market, which is driving demand for building and remodeling supplies.
However, investors looking for the stock to repeat that kind of performance are likely to come away disappointed. There are several clues that Home Depot will cool down in the years ahead.
Even if you're not looking to buy or sell right now, it's hard to miss the fact the U.S. housing market is beyond hot. According to the National Association of Realtors, the median price for existing homes jumped 17.8% year over year in July (following a 23.4% increase in June).
Source Fool.com
